Along with purchasing a successful ice cream shop, Wilma acquired the building, as well as ice cream making equipment and enough inventories to operate for a month. These are best known as what type of assets?
A) short-term assets
B) tangible assets
C) long-term assets
D) intangible assets

Question

Quizplus · Accepted Answer

The building, ice cream making equipment, and inventories are all physical items that can be touched, making them tangible assets.

Along with Purchasing a Successful Ice Cream Shop, Wilma Acquired